Paramount Global to Pay $122 Million to Settle Shareholder Suits Over Viacom-CBS Merger

Shari Lynette Carpenter, Miko Lim and Oscar Rene Lozoya have been selected to participate in the 2023-2025 Paramount Directors Initiative, Paramount Global announced on Thursday.

Giant theater chain Cineworld will convene a meeting of its shareholders on April 20 related to the Chapter 11 process currently underway in a Texas bankruptcy court.

who last week announced she is pregnant, was called to give up the $10,000 she was paid, plus interest, and pay a $30,000 fine, according an SEC complaint. A spokeswoman for Paul declined to comment. Emails left with representatives for the other celebrities named in the SEC complaint weren’t immediately returned Wednesday.

Post Malone has settled a legal battle over who wrote his 2019 track ‘Circles’. Which is no fun at all.

Bad Bunny is being sued by an ex-girlfriend over a voice recording she provided to the singer before his rise to fame which, she says, he has now used on two of his tracks without permission.Carliz De La Cruz Hernández and Bad Bunny, real name Benito Martínez Ocasio, became a couple in 2011. At one point they planned to marry, but they ultimately parted ways as his music career started to take off and she began studying at the University Of Puerto Rico’s law school.In the short recording at the heart of this legal battle De La Cruz says “Bad Bunny, baby”.

The musicians suing The Weeknd have reached a settlement agreement with the Canadian artist.

Bob Bakish, chief executive of Paramount Global, saw total compensation in 2022 of $32 million, up from $20 million the year before.

Paramount Global is shuffling its board of directors, including the addition of Dawn Ostroff, who will serve as an independent non-executive director, the company announced Friday. The filing also noted that Bob Bakish would be making $31.5 million.Ostoroff’s seat is pending a stockholder vote that will take place at Paramount’s 2023 Annual Meeting of Stockholders later this year. Bakish, who serves as Paramount Global’s president will be receiving a pay boost to $31.5 million as a result of $16 million stock awards grant.

William Earl Former Spotify, Conde Nast and CW executive Dawn Ostroff is set to join the board of directors for Paramount Global in May. Ostroff is poised to join the board as an independent director at Paramount Global’s annual meeting on May 8. Incumbent board members Candace Beinecke and Ronald Nelson will not stand for re-election at that meeting, which will bring the number of board members to 11, including Ostroff. “We are thrilled to welcome Dawn to Paramount’s Board at such an exciting moment in our evolution,” said Paramount Global chair Shari Redstone. “We believe her leadership, diverse expertise in content strategy and her long track record of driving transformation will prove invaluable as we seek to continue building on the success of Paramount’s global multiplatform strategy.”

Dawn Ostroff, a seasoned media executive who most recently served as chief content and advertising business officer at Spotify, will joining the Paramount Global board, the company announced today.

Sean “Diddy” Combs has just joined the potential purchase party of Black Entertainment Television (BET), with the mogul setting his sights on majority stake, TheWrap has confirmed.A source close to Combs says the Grammy award-winning musician and record label executive  is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse,” Variety was the first to report. The source added that conversations around Diddy buying majority stake in the network has yet to happen. Diddy is the latest to take interest in the acquisitions of the network, following behind Tyler Perry, Byron Allen and Miami-based media company Group Black, which was founded by Richelieu Dennis, Bonin Bough, and its CEO Travis Montaque. Under the umbrella of BET Media Group lies brands BET, BET+, BET Studios and VH1, which was to the group from Paramount Media Networks in a restructuring rearrangement. This would be another lucrative entrepreneurial business move for Diddy, who founded media company Revolt in 2013.

BET, joining fellow media moguls Tyler Perry and Byron Allen as they vie to purchase a majority stake of BET Media Group amid reports that owner Paramount Global is exploring a sale of the asset, Variety has confirmed. Run by CEO Scott Mills, BET Media Group includes BET, BET+, VH1 (which was moved under the group in a restructuring at Paramount last November) and BET’s production arm, BET Studios. A source close to Combs tells Variety that the global music icon and record executive turned multi-industry entrepreneur is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse.”

former Showtime leader David Nevins’ offer to buy the network for about $3 billion.“Yeah, we got an unsolicited offer for Showtime. We looked at it,” Bakish said. “And the reality is, it wasn’t that interesting to us.

Paramount Global today announced a new brand positioning and trade campaign around the tag ‘Popular is Paramount’ to reflect “the company’s indisputable strength in making popular content and content popular for every audience.”

Cynthia Littleton Business Editor Paramount Global is unveiling today a corporate image campaign that builds on the sentiment of a popular self-help affirmation: You are loved, and you are enough. Just in time for media upfront season, the company’s “Popular is Paramount” marketing push is designed to burnish its image within Hollywood and on Wall Street. Paramount Global CEO Bob Bakish wants the town and the Street to know that the company is fielding a new generation of hits – from “Top Gun: Maverick” to “Yellowstone” to “Paw Patrol” — and is not intimidated by having to compete against larger rivals such as Disney, Warner Bros. Discovery and Comcast. The campaign will include with outdoor advertising in highly trafficked corridors of New York and Los Angeles, as well as on digital and TV platforms, both on and off Paramount’s own air.

Tyler Perry is in talks to purchase a majority stake of BET Media Group amid reports that parent company Paramount Global is exploring a sale of the asset, Variety has confirmed. Perry currently owns a minority stake in the operation run by CEO Scott Mills, which includes cablers BET and VH1, and also produces a large portion of the programming available on BET and streamer BET+, which he helped launch in 2019. Also among BET’s divisions is production company BET Studios, which counts Kenya Barris, Rashida Jones and Aaron Rahsaan Thomas as minority stake holders. Perry and BET have a long history, as the network helped fund his first feature, 2005’s “Diary of a Mad Black Woman.” In 2017, Perry endeavored on a long-term film deal with Paramount, with a TV deal that began in May 2020. The partnership has been a lucrative and successful endeavor for Perry, Paramount Global president and CEO Bob Bakish and BET Networks president Scott Mills.

latest earnings call that Paramount+’s integration of Showtime will officially launch in the third quarter. As part of the move, the company is raising its prices for Paramount+ subscriptions. The top tier of Paramount+ will rise to $11.99 per month from $9.99 per month.

UPDATED with Tyler Perry interest: Paramount Global is talking with Tyler Perry about a deal for BET Media as the conglom explores a sale of a majority stake in the division.

Paramount Global is in early exploratory talks to sell a majority stake in BET Media.

filing Friday. The settlement is still subject to approval by Delaware’s Court of Chancery.CalPERS, California’s state pension fund, was the lead plaintiff in the litigation, which also named Shari Redstone and the Redstone family’s National Amusements as defendants.